Can I retire at age 60 with 3,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$264,253$261,899$259,603$257,361$255,172$246,708
2 years$130,818$128,382$126,021$123,731$121,511$113,065
3 years$86,346$83,899$81,544$79,276$77,091$68,930
4 years$64,114$61,675$59,343$57,114$54,982$47,167
5 years$50,778$48,354$46,053$43,869$41,797$34,349
6 years$41,891$39,484$37,217$35,082$33,072$25,997
7 years$35,545$33,159$30,928$28,843$26,897$20,194
8 years$30,788$28,423$26,229$24,196$22,313$15,978
9 years$27,090$24,748$22,591$20,609$18,791$12,816
10 years$24,133$21,814$19,696$17,766$16,011$10,386
11 years$21,716$19,420$17,340$15,461$13,770$8,485
12 years$19,703$17,430$15,388$13,562$11,933$6,975
13 years$18,000$15,752$13,749$11,973$10,406$5,763
14 years$16,543$14,318$12,353$10,628$9,121$4,781
15 years$15,281$13,080$11,153$9,478$8,031$3,980
16 years$14,177$12,000$10,112$8,487$7,098$3,322
17 years$13,205$11,052$9,202$7,625$6,294$2,779
18 years$12,341$10,212$8,400$6,872$5,596$2,329
19 years$11,569$9,465$7,690$6,210$4,988$1,954
20 years$10,876$8,795$7,057$5,624$4,455$1,643
21 years$10,249$8,192$6,491$5,104$3,987$1,382
22 years$9,680$7,647$5,983$4,641$3,574$1,164
23 years$9,161$7,152$5,524$4,226$3,208$980
24 years$8,686$6,701$5,109$3,855$2,883$827
25 years$8,250$6,289$4,732$3,520$2,595$697
26 years$7,848$5,910$4,388$3,219$2,337$589
27 years$7,477$5,562$4,075$2,946$2,107$497
28 years$7,132$5,241$3,788$2,699$1,901$420
29 years$6,812$4,945$3,525$2,475$1,717$355
30 years$6,514$4,670$3,284$2,272$1,551$300
31 years$6,235$4,414$3,061$2,087$1,402$253
32 years$5,975$4,177$2,856$1,918$1,269$214
33 years$5,731$3,956$2,667$1,763$1,148$181
34 years$5,501$3,749$2,492$1,622$1,039$153
35 years$5,286$3,556$2,330$1,494$942$129
36 years$5,082$3,375$2,179$1,376$853$109
37 years$4,890$3,206$2,040$1,267$773$93
38 years$4,709$3,046$1,910$1,168$701$78
39 years$4,538$2,897$1,790$1,077$636$66
40 years$4,375$2,756$1,677$993$577$56
41 years$4,221$2,624$1,573$917$523$47
42 years$4,074$2,499$1,475$846$475$40
43 years$3,935$2,381$1,384$781$431$34
44 years$3,802$2,269$1,300$721$391$29
45 years$3,676$2,164$1,220$666$355$24
46 years$3,555$2,064$1,146$615$322$21
47 years$3,440$1,970$1,077$568$293$17
48 years$3,330$1,881$1,012$525$266$15
49 years$3,225$1,796$951$485$241$12
50 years$3,124$1,715$894$449$219$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,200,000, adding $6,099 every year, while hoping to spend $50,469 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/37/12 Blend
59$3,200,000$3,200,000$3,200,000$3,200,000
60$3,532,691$3,363,091$3,313,491$3,701,232
61$3,839,327$3,474,184$3,370,794$3,928,242
62$4,175,548$3,589,029$3,428,326$4,169,041
63$4,544,319$3,707,756$3,486,040$4,429,666
64$4,948,905$3,830,502$3,543,888$4,712,000
65$5,392,902$3,957,405$3,601,817$5,018,113
66$5,880,272$4,088,612$3,659,772$5,350,279
67$6,415,379$4,224,273$3,717,693$5,711,004
68$7,003,029$4,364,543$3,775,517$6,103,041
69$7,648,517$4,509,586$3,833,176$6,529,420
70$8,357,678$4,659,567$3,890,599$6,993,477
71$9,136,937$4,814,662$3,947,710$7,498,882
72$9,993,373$4,975,049$4,004,427$8,049,673
73$10,934,787$5,140,916$4,060,665$8,650,295
74$11,969,771$5,312,457$4,116,333$9,305,643
75$13,107,792$5,489,872$4,171,335$10,021,102
76$14,359,280$5,673,368$4,225,568$10,802,604
77$15,735,726$5,863,163$4,278,924$11,656,676
78$17,249,791$6,059,479$4,331,289$12,590,508
79$18,915,425$6,262,549$4,382,542$13,612,014
80$20,747,998$6,472,613$4,432,557$14,729,910
81$22,764,444$6,689,921$4,481,198$15,953,796
82$24,983,422$6,914,732$4,528,322$17,294,239
83$27,425,491$7,147,314$4,573,782$18,762,882
84$30,113,305$7,387,947$4,617,417$20,372,544
85$33,071,824$7,636,918$4,659,063$22,137,345
86$36,328,552$7,894,528$4,698,542$24,072,837
87$39,913,792$8,161,088$4,735,672$26,196,151
88$43,860,939$8,436,922$4,770,257$28,526,156
89$48,206,787$8,722,363$4,802,092$31,083,636
90$52,991,880$9,017,759$4,830,963$33,891,486
91$58,260,894$9,323,472$4,856,644$36,974,927
92$64,063,060$9,639,877$4,878,895$40,361,744
93$70,452,622$9,967,361$4,897,468$44,082,543
94$77,489,356$10,306,328$4,912,100$48,171,045
95$85,239,129$10,657,197$4,922,515$52,664,396
96$93,774,524$11,020,404$4,928,423$57,603,523
97$103,175,521$11,396,399$4,929,521$63,033,514
98$113,530,254$11,785,652$4,925,489$69,004,045
99$124,935,841$12,188,650$4,915,993$75,569,846
100$137,499,300$12,605,897$4,900,683$82,791,217